Rising value of US dollar - Should we be happy?

Rising US dollar is a big problem for overseas investors and countries. Rising US dollar indicates the expensiveness of goods and services for foreign buyers.

For
- Exporters like garment etc. will be benefited by the rise of US dollar.
- The revenue growth will have an impost due to increase of US dollar.
- Higher rupee earnings will be gained by the IT sector revenues which come mainly from US and European countries.
- Booking of more contracts can be done for exporting the goods.
- Rise in dollar will make Indian real estate cheaper then before.

Against
- Rising US dollar is weakening our currency.
- Creating problems for the central bank as it is almost going in inflation.
- Weakening of rupee will increase the expensiveness of oil imports prices.
- Investors getting afraid to invest in Indian markets.
- Domestic share market is falling which is raising more concern over the rupee.

Foreign currency rates are stronger but the way the US dollar is rising, we should not be very happy about it as our currency value is decreasing and we are on the verge of facing another recession.